OLZ-FHNW research cooperation and project on equity factors with a focus on quality and value /
16. July 2024

OLZ-FHNW research cooperation and project on equity factors with a focus on quality and value

OLZ AG is pleased to announce a groundbreaking research collaboration with established professors Daniel Höchle and Tim Kröncke from the University of Applied Sciences and Arts Northwestern Switzerland (FHNW). The focus of this applied research project is the further development and adaptation of the classic equity factors “quality” and “value”. The findings will be incorporated directly into the OLZ factor solutions, enabling the product portfolio to be expanded to include differentiated quality and value approaches in addition to the existing low-risk and momentum strategies. These strategies can be implemented both as single and multi-factor portfolios in order to offer our clients a customized investment solution.

Quality and value experts

With Prof. Daniel Höchle and Prof. Tim Kröncke (Head of the FHNW Institute of Financial Management), OLZ AG has two proven experts in the field of equity valuation and factor investing at its side. Their extensive expertise will support the OLZ Investment Solutions team in circumventing the well-known “value and quality traps” of fundamental data analysis and developing innovative, practicable solutions. A central aspect of the project is the consideration of sector- and country-specific differences, which often pose a challenge for traditional “one-size-fits-all” factor constructions.

Aim of the project

The primary objective of this project is to develop advanced, differentiated and practical valuation formulas and rules for the calculation and use of quality and value factors. These new valuation approaches should enable a more precise investment analysis in various sectors and regions. The resulting factor portfolios aim to achieve an improved risk-return profile and exhibit less cyclical behavior than traditional value and quality factors.



OLZ Gianluca de Nard.
Dr. Gianluca De Nard
Head of Quantitative Research

Lecturer and Senior Research Associate at the University of Zurich as well as a member of the NYU Stern Volatility and Risk Institute in New York City. Previously, he was a postdoctoral researcher at Yale University.

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